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RERA Orders ₹14.5 Lakh Refund After Gurugram Project Registration Revoked

RERA Orders ₹14.5 Lakh Refund After Gurugram Project Registration Revoked
Buyer pays ₹14.5 lakh for a Gurugram flat, left in limbo after builder loses registration; RERA gives relief · livemint.com

A homebuyer paid ₹14.5 lakh for a flat in a Gurugram housing project.

The flat was supposed to be built in Dhanwapur village.

Construction stopped, according to the buyer.

The buyer said the builder still asked for more instalments.

He refused to pay more and asked for his money back.

The builder did not provide the refund, so he complained to Haryana RERA.

Haryana RERA found that the project's registration had been revoked.

It ordered the builder to return all the money with 10.80% yearly interest.

The builder has 90 days to follow the order or face legal consequences.

Key facts

Amount paid
₹14.5 lakh
Flat size
642 sq ft
Total consideration
₹26 lakh
Interest ordered
10.80% per annum from the date of each payment until realisation
Compliance period
90 days
Legal provision
Section 18 of the Real Estate (Regulation and Development) Act, 2016
Project status
The project’s registration certificate was revoked and construction was stalled

Quotes

The homebuyer

The complainant who booked the Gurugram housing unit and sought a refund from the developer

“The respondent was never able to give any satisfactory response to the complainants for delay in construction of the unit and was never definite about the delivery of the possession”
livemint.com

Sources

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